Student Loan Cancellation Complaints and Challenges

The Biden Administration announced student loan cancellation, and it’s a pretty big deal. But a report was released this past week about potential lawsuits filed against the cancellation. It’s a lot to take in, but the outcome could have a huge impact on student loan borrowers. So, I’m breaking down the impact of the cancellation, what could happen if there’s a lawsuit, and how it fits together with the PSLF Waiver and IDR Waiver. In today’s episode, you'll find out: If the student loan cancellation is struck down, what happens to the current student loan pause What is the risk of a lawsuit Why the new “Biden IDR” plan is a big deal What the new repayment and forgiveness plan does for borrowers How high-income earners with high student loan debt will be impacted How will schools react to the new plan What’s going on in the business, a personal update and special thank you to our listeners and readers   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan